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Murray Hill

Web ID 39870

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Wendy Brandell
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PRICE DROP.....Murray Hill, Midtown East Mixed Use Residential Investment Building

EXCLUSIVE
REDUCED...$14,500,000
New York NY 10016



A 43.67' wide, approximately 18,680 square foot, 5 story plus penthouse 16 unit mixed-use building with an elevator. Located on the south side of East 34th Street between Park and Madison Avenues, the building is comprised of 2 retail stores, a floor through commercial unit on the 2nd floor and 13 apartments above (4 rent stabilized and 9 free market). The buildings were later combined for commercial space on the lower floors but still maintain much of the original detail, especially in the upper floor apartments. The property’s zoning designation is split between C5-3 & C5-2, yielding approximately 34,315 sq.ft. of air-rights representing a unique opportunity for any future residential, commercial or hotel development.

Overview

Building Type:Apartment Buildings, Development/Conversion Sites, Mixed-Use Investment Buildings
Block/Lot:863/48
Lot Dimensions:43.67 x 98.75
Lot Sq Ft:4,313
Buildable Sq. Ft:52,995
Available Air Rights:34,315
Stories:5 Plus Penthouse
Units:16
Residential Units:13
Commercial Units:3
2 Retail
Zoning:C5-2 & C5-3
Building Sq Ft:18,680
Price: $18,000,000

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Property
Ownership:For Sale
Pets:Unknown


All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.

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